If you are engaged as an auto recycler in New Mexico you are required under section 66-4-7 of the State of New Mexico Statutes Amended to file a New Mexico Auto Recycler Bond as a condition of licensure.
Bonds Express offers a New Mexico Auto Recycler Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New Mexico Auto Recycler Bond holds you accountable for your business decisions.
By possessing a New Mexico Auto Recycler Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.